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Investors & landlords
DanaB27's answer is correct, in most situations.
However, if your tax liability is over $500* (line 12b of form 1040), there is a provision to allow you to claim a tuition credit, on your return. However, it requires your parents to not claim you and lose the $500 other dependent credit.
*$500 isn't a rule, it's just the point at which this technique becomes practical.
‎April 3, 2020
5:25 PM